Limited Brands Earnings: Here’s Why Investors Don’t Like These Results
Limited Brands, Inc. (NYSE:LTD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.92%.
Limited Brands, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 22% to $0.61 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 4.84% to $2.52 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Limited Brands, Inc. reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.60. It beat the average revenue estimate of $2.51 billion.
Key Stats (on next page)…
Revenue increased 10.89% from $2.27 billion in the previous quarter. EPS increased 27.08% from $0.48 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.29 and has not changed. For the current year, the average estimate has moved up from a profit of $3.14 to a profit of $3.21 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)